Banco Products Diploma Trainee Engineer Salaries by 7 Employees (Updated 2025)

0 - 3 years exp.

₹1.3 Lakh - ₹1.8 Lakh

Salary of majority employees

32% less than the average Diploma Trainee Engineer Salary in Auto Components Companies for 0 - 3 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Diploma Trainee Engineer Salary 0 - 3 years exp. (5 salaries)	₹1.4 L/yr - ₹1.5 L/yr
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Quality Assurance Diploma Trainee Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr

Last Updated: 7 Jun 2024

Companies similar to Banco Products for Diploma Trainee Engineer

Company name	Avg Annual Salary	Open Jobs
Sharda Motor Industries Diploma Trainee Engineer Salary 0 - 5 years exp. (42 salaries)	₹1.3 L/yr - ₹2.5 L/yr 33% more
UNO Minda Diploma Trainee Engineer Salary 0 - 3 years exp. (6 salaries)	₹1.8 L/yr - ₹3 L/yr 75% more	1 job opening
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TVS Sundram Fasteners Diploma Trainee Engineer Salary 2 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹2.2 L/yr 18% more
Rane (Madras) Diploma Trainee Engineer Salary 1 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹2.1 L/yr 3% more
Bharat Forge Diploma Trainee Engineer Salary 0 - 4 years exp. (63 salaries)	₹1.5 L/yr - ₹2.4 L/yr 44% more
Endurance Technologies Diploma Trainee Engineer Salary 2 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 56% more
ZF Commercial Vehicle Control Systems Diploma Trainee Engineer Salary 0 - 4 years exp. (17 salaries)	₹1.2 L/yr - ₹2.4 L/yr 28% more
Rico Auto Industries Diploma Trainee Engineer Salary 0 - 2 years exp. (17 salaries)	₹1.2 L/yr - ₹2.7 L/yr 40% more
Subros Diploma Trainee Engineer Salary 0 - 3 years exp. (930 salaries)	₹1.2 L/yr - ₹3 L/yr 35% more
JBM Group Diploma Trainee Engineer Salary 0 - 3 years exp. (166 salaries)	₹1.2 L/yr - ₹3 L/yr 40% more
Varroc Group Diploma Trainee Engineer Salary 0 - 3 years exp. (28 salaries)	₹1.2 L/yr - ₹2.9 L/yr 40% more
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UCAL Fuel Systems Diploma Trainee Engineer Salary 1 - 5 years exp. (28 salaries)	₹1.2 L/yr - ₹2.5 L/yr 19% more
Shivam Autotech Diploma Trainee Engineer Salary 0 - 2 years exp. (24 salaries)	₹1.3 L/yr - ₹2.5 L/yr 26% more
Talbros Diploma Trainee Engineer Salary 0 - 3 years exp. (22 salaries)	₹1.5 L/yr - ₹2.7 L/yr 38% more
India Nippon Electricals Diploma Trainee Engineer Salary 0 - 5 years exp. (18 salaries)	₹1.4 L/yr - ₹3.5 L/yr 39% more
MARK EXHAUST SYSTEMS Diploma Trainee Engineer Salary 0 - 3 years exp. (14 salaries)	₹1.1 L/yr - ₹2.4 L/yr 19% more
Hi Tech Gears Diploma Trainee Engineer Salary 1 - 6 years exp. (5 salaries)	₹1.5 L/yr - ₹2.1 L/yr 21% more
Fiem Industries Diploma Trainee Engineer Salary 1 - 5 years exp. (5 salaries)	₹1.9 L/yr - ₹2.1 L/yr 41% more
Sundaram Auto Components Diploma Trainee Engineer Salary 0 - 1 year exp. (5 salaries)	₹1.5 L/yr - ₹2.1 L/yr 14% more
Suprajit Engineering Diploma Trainee Engineer Salary 0 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.2 L/yr 46% more

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Diploma Trainee Engineer salary at Banco Products ranges between ₹1.3 Lakh to ₹1.8 Lakh per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 7 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Diploma Trainee Engineer salaries

Last Updated: 7 Jun 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.4 L/yr
1 year (AmbitionBox Estimate)	₹0.6 L/yr - ₹1.5 L/yr
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2 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.8 L/yr

Similar Designation salaries in Banco Products

Diploma Mechanical Engineer Salary

(5 salaries)

₹1.05 L/yr - ₹1.4 L/yr

Maintenance Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹4.1 L/yr

Graduate Engineer Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Senior Engineer Salary

(32 salaries)

₹3.5 L/yr - ₹8.1 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Executive Engineer Salary

(7 salaries)

₹4.55 L/yr - ₹7 L/yr

Quality Engineer Salary

(24 salaries)

₹1.2 L/yr - ₹3.2 L/yr

Mechanical Engineer Salary

(8 salaries)

₹1.45 L/yr - ₹4.1 L/yr

Design Engineer Salary

(6 salaries)

₹3 L/yr - ₹4.5 L/yr

Production Engineer Salary

(88 salaries)

₹1.45 L/yr - ₹7.34 L/yr

Salary related reviews for Banco Products

Maintenance Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 27 Jul 2020

1.0

for Salary and Benefits

Likes

most irritated part was job security,salary and culture is bit abusive . Dept Seniors are cooperative and very supportive specially HOD has caring nature and good attitude towards engineers. Pro and cons are detailed - Pros- vast opportunity for learners as there are plenty of good machines, equipment and technology. Work-life balance, canteen facility, Cons- job security and growth are major issue in company, workmans are abusive, high work load, no team work. No transport facility.

Skill development - Excellent

+1 more

Dislikes

Salary - Bad
Job security - Bad

+2 more

Middle Manager in Vadodara

Full Time

Research & Development Department

1.0

• posted on 12 Aug 2024

2.0

for Salary and Benefits

Likes

Nothing, it's very much akin to working under a marwadi. They pay you some salary in return they think that they own your entire personal life.

Dislikes

...to do manpower reduction every year (it has nothing to do with your performance. If your salary falls in their cutoff limit then you're gone), and does it so.

Salary - Poor

+6 more

Regional Manager in Gurgaon / Gurugram

Part Time

Marketing & Communication Department

4.0

• posted on 21 Sep 2023

4.0

for Salary and Benefits

Likes

It is the oldest company and their USP is , to change according to market conditions and the results grabbed the major OEMs business by way of reforming internally.

Salary - Good

+6 more

Dislikes

Pay Less and people frequently jump to other company .

Purchase/Vendor Development Manager in Vadodara

Procurement & Supply Chain Department

3.0

• posted on 16 Apr 2021

1.0

for Salary and Benefits

Likes

On time Salary & Good market reputation in Automotive industry.

Job security - Good

Dislikes

Here, there is no system at all. All the things is on paper only. Even HR is also involved in politics. Worse Management & No work life balance.

Salary - Bad

+5 more

Accounts Officer

Finance & Accounting Department

4.0

• posted on 31 Jan 2019

4.0

for Salary and Benefits

Likes

Good organisation happy to work with good and experienced people very much helping nature and chance to learn much knowledge... Finally happy to work with Banco Products

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Banco Products Diploma Trainee Engineer Salary FAQs

What is the salary of Diploma Trainee Engineer at Banco Products?

Diploma Trainee Engineer salary at Banco Products in India ranges between ₹1.3 Lakhs to ₹1.8 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 32% less than the average Diploma Trainee Engineer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Banco Products India.

How does the salary of a Diploma Trainee Engineer at Banco Products India compare with the average salary range for this job?

The average salary of a Diploma Trainee Engineer at Banco Products is 32% less than the average salary of a Diploma Trainee Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Banco Products to a Diploma Trainee Engineer in India?

UNO Minda Diploma Trainee Engineer Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
Endurance Technologies Diploma Trainee Engineer Salary - ₹2.0 Lakhs to ₹2.4 Lakhs per year
Saint Gobain Sekurit India Diploma Trainee Engineer Salary - ₹2.2 Lakhs to ₹2.2 Lakhs per year
Suprajit Engineering Diploma Trainee Engineer Salary - ₹2.0 Lakhs to ₹2.2 Lakhs per year
Bharat Forge Diploma Trainee Engineer Salary - ₹1.5 Lakhs to ₹2.4 Lakhs per year

What is the salary of a Diploma Trainee Engineer in companies similar to Banco Products in India?

Fiem Industries Diploma Trainee Engineer Salary - ₹1.9 Lakhs to ₹2.1 Lakhs per year
Varroc Group Diploma Trainee Engineer Salary - ₹1.2 Lakhs to ₹2.9 Lakhs per year
JBM Group Diploma Trainee Engineer Salary - ₹1.2 Lakhs to ₹3.0 Lakhs per year
Rico Auto Industries Diploma Trainee Engineer Salary - ₹1.2 Lakhs to ₹2.7 Lakhs per year
India Nippon Electricals Diploma Trainee Engineer Salary - ₹1.4 Lakhs to ₹3.5 Lakhs per year

What is the estimated take home salary of a Diploma Trainee Engineer at Banco Products in India?

The estimated take-home salary of a Diploma Trainee Engineer at Banco Products ranges between ₹10,008 per month to ₹11,089 per month in India. The take-home salary calculation is based on the average Banco Products Diploma Trainee Engineer salary in India which ranges between ₹1.3 Lakhs to ₹1.8 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Diploma Trainee Engineer at Banco Products?

According to AmbitionBox, 33% of the Banco Products Diploma Trainee Engineers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Banco Products Diploma Trainee Engineer Salaries

Banco Products Diploma Trainee Engineer salary in India ranges between ₹1.3 Lakh to ₹1.8 Lakh with an average annual salary of ₹. Salary estimates are based on 7 Banco Products latest salaries received from various employees of Banco Products.

Banco Products Diploma Trainee Engineer salaries in India

Companies similar to Banco Products for Diploma Trainee Engineer

Latest annual salaries shared by Banco Products Diploma Trainee Engineer

Experience wise Banco Products Diploma Trainee Engineer salaries

Similar Designation salaries in Banco Products

Salary related reviews for Banco Products

Maintenance Engineer in Vadodara

Middle Manager in Vadodara

Regional Manager in Gurgaon / Gurugram

Purchase/Vendor Development Manager in Vadodara

Accounts Officer

Banco Products Diploma Trainee Engineer Salary FAQs

Tell us how to improve this page.

Banco Products Diploma Trainee Engineer Salaries by Location